Balance of Payments: Current Account: Revenue for G7
G7B6CRTT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,526,205,000,000.00
Year-over-Year Change
15.13%
Date Range
1/1/1999 - 10/1/2024
Summary
This economic trend measures the revenue component of the current account balance of payments for the G7 group of major industrialized economies. It is a key indicator of international trade and financial flows for these leading global economies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance of payments tracks the net flow of goods, services, income, and current transfers between a country and the rest of the world. The revenue component measures the total earnings from exports and other sources of international revenue. This provides insight into an economy's participation in global trade and finance.
Methodology
The data is collected by national statistics agencies and compiled by the OECD.
Historical Context
Policymakers and analysts use this data to assess economic performance and external trade dynamics.
Key Facts
- The G7 economies are Canada, France, Germany, Italy, Japan, the UK, and the US.
- The current account revenue measures earnings from exports, income, and other international sources.
- Trends in the current account can signal a country's competitiveness and financial position.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue component of the current account balance of payments for the G7 group of major industrialized economies.
Q: Why is this trend relevant for users or analysts?
A: The current account revenue provides insight into an economy's participation in global trade and finance, which is crucial for policymakers and analysts assessing economic performance and external dynamics.
Q: How is this data collected or calculated?
A: The data is collected by national statistics agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess economic performance and external trade dynamics for the G7 economies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules and methodologies of the national statistics agencies and the OECD.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for G7
G7LRHUADMASTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
G7CPALTT01GYM
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for G7
G7NAEXKP04GYSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTSAQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for G7
G7LFWA25TTSTQ
Infra-Annual Labor Statistics: Employees Total for G7
G7LFESEETTSTQ
Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Revenue for G7 (G7B6CRTT01CXCUQ), retrieved from FRED.